The latest analysis by IntoTheBlock has revealed a notable shift in Bitcoin accumulation patterns among whales in the market. Despite the prevailing market sentiment of fear, uncertainty, and doubt (FUD), there has been a surge in net inflows to the largest wallets. Holders with control of at least 0.1% of the total Bitcoin supply increased
Crypto
During the Bloomberg Investment Summit, SEC Chair Gary Gensler expressed confidence in the approval process for spot Ethereum ETFs. He mentioned that the main focus now is on asset managers making full disclosure for registration statements to go effective. This signifies a positive outlook on the progress being made towards the approval of spot Ethereum
The lawsuit between Ripple Labs and the US Securities and Exchange Commission has been ongoing since 2020, with the trial phase currently in progress. The outcome of this legal battle is uncertain, leaving many wondering about the implications for XRP and its investors. If the lawsuit had never happened, how might the XRP price have
Bitcoin (BTC) has been facing a continuous downtrend, with the cryptocurrency dropping to new local lows of under $59,000. This recent decline was particularly notable during the mid-hours of the United States Monday trading session, when BTC briefly slipped below $60,000 to hit a new low of $58,500. One of the significant factors contributing to
Bitcoin’s price has been on a rapid decline in the past few days, failing to sustain levels above $70K. The market is now approaching a crucial level as it heads towards the $60K support zone. The 200-day moving average at around $58K could act as a key indicator of future price movement. A break below
Stablecoin transfer volumes have seen a remarkable surge in recent months, reaching over $1.68 trillion in April. This significant increase from the $100 billion recorded in October 2020 highlights the growing potential of stablecoins in revolutionizing financial processes and facilitating cross-border transfers. Market Dominance and Performance Data from Token Terminal reveals that stablecoin transfer volumes
Artificial Intelligence (AI) cryptocurrencies have been making significant strides in the last 30 days. The market intelligence platform Santiment has identified the top 10 AI coins that have shown the most development activity during this period. Leading the pack is NEAR Protocol (NEAR) with a development index of 173.5. Following closely behind are The Graph
The AVAX native token for the layer-1 blockchain Avalanche has experienced a significant downturn recently, plunging more than 10% in a rapid decline to its lowest level since December 2023. In the span of just 24 hours, the token has plummeted from $27.87 to an intraday and six-month low of $24.92, showcasing the extreme volatility
As Ripple’s ongoing case continues to dominate headlines in the cryptocurrency industry, experts are evaluating potential price points based on technical patterns rather than solely relying on the outcome of the SEC lawsuit. Analysts like EGRAG CRYPTO have pointed out a bullish candle formation called the quarterly hammer. According to their analysis, for XRP to
The month of May saw a significant milestone in the world of cryptocurrency investments, with a total of around $1.02 billion being publicly disclosed across 156 different investments. Ethereum emerged as the dominant player in this period, showcasing the continued growth and interest in the digital asset space. Nigeria Drops Tax Evasion Charges Against Binance